STATE USURY LAWS SUPERSEDED.

SEC. 112. STATE USURY LAWS SUPERSEDED. Section 8.12 of the Farm Credit Act of 1971 (12 U.S.C. 2279aa–12) is amended by striking subsection (d) and inserting the following: “(d) State Usury Laws Superseded.— A provision of the Constitution or law of any State shall not apply to an agricultural loan made by an originator or a certified facility in accordance with this title for sale to the Corporation or to a certified facility for inclusion in a pool for which the Corporation has provided, or has committed to provide, a guarantee, if the loan, not later than 180 days after the date the loan was made, is sold to the Corporation or included in a pool for which the Corporation has provided a guarantee, if the provision— “(1) limits the rate or amount of interest, discount points, finance charges, or other charges that may be charged, taken, 110 STAT. 166received, or reserved by an agricultural lender or a certified facility; or “(2) limits or prohibits a prepayment penalty (either fixed or declining), yield maintenance, or make whole payment that may be charged, taken, or received by an agricultural lender or a certified facility in connection with the full or partial payment of the principal amount due on a loan by a borrower in advance of the scheduled date for the payment under the terms of the loan, otherwise known as a prepayment of the loan principal.”.